It's called MTR, written by Matt Kimball. MTR stands for Matt TraceRoute or My TraceRoute whichever works for you.
On your Mac, start by downloading latest version from this FTP resource (scroll to the end and download .tar.gz file):
To unpack it, double click on the file in Finder. Assuming it's in ~Downloads folder, open Terminal and type the following:
cd Downloads cd mtr-0.81 export LIBS='-lm -ltermcap -lresolv' ./configure make sudo make install alias mtr=/usr/local/sbin/mtr
To permanently save the alias, run this:
add to the file:
Now to use it, open Terminal and type mtr with IP address: